New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-21
THE MOVE MEANS MILLIONS.
TO ABANDON THE UNION sToCKYARDs.
PLANS FORMED BY PACKERS AND RAILROAD CON-
PANIEs FOR AN IMPORTANT CHANGE IN


PANIEs FOR AN IMPORTANT CHANGE IN
CHICAGO
lBI TELEGRAPH TO THE TRIBUNE
CHICAGO, Oct. 2O.-For more than week President
stcknoy of the Minnesota and Northern Railroad pro
motcr of the proposed stock yards at Lyons. has
been hero negotiating to have the BIG packers join him
in his Lyons venture Unless all tho plans which have
been entered into greatly changed before the week
Is out, Armour & Co.. the Allcrton Packing Company,
the srifts and Bosford OF tho Chicago Packing and
Provision Company, will sign contracts pledgins them
selves to leave the old Union Stock Yards and move
their business to the new yards, which will be
opened at Lyons Further than this the St Paul and
Northwestern, tho Chicago, Burlington and Quincy,
the Illinois Central the Alton and the other great roads
here also have signed taking interest in the
new yards These railroads are tired OF paying the ex
orban 81 per switching charge extorted at the old
Union stock Yards
The change will the abandonment OF the old Union
Stock Yards with its S1OOO0000 capital stock and Its
500 acres OF land The cattle and hogs and commission
will have follow Armour Swift aud the Chicago
Packing Company and Aerton for these four concerns
kill moro tnan threequarters Of the live STOCK
received. The change also has an indirect
relation to tho great railroad interest west OF here II
the contract Is signed will that Stcknoy has got
his price from the old granger roads 1t will make him
millionaire. When stickney bought the tract of land
at Lyons and announced that he proposed to establish
stock yards there insiders laughed at tho scheme They
know that stock yards without packing houses are ike
city without people Stickney however kept right aong
lie got part OF his money from Mrs
Hetty Green; aud J. r. Hoxie, for
years practical head OF the Union Stock Yards,
said TO be with hin. After he bought his land and
got his corporations going he sot to work the packers
exactly the did who have recently established
yards Sioux City. Omaha Lincoln and other points
He got the four great packers-Armour, Alerton Bots
ford and swift-together and said:
"l you viii move to Lyons with your packing houses
my property will become worth at once at least
Sl0,000,000 II you will 90 in with me we will issue
bouds for $4,000, 600 build houses large and
than your houses the Union stock Yards and We
will also give you an interest In the corporation"
He IsXt vsits1 the great western roads who he knew
yards said: .If you will sign contract TO come
10 the yards at Lyons will not charge you
any SWITCHING will also charge less for feeding mo
cattle than the cid company, which VIII draw the HVo
stock 10 Chicago and give YOU all a long haul
The railroads accepted the proposition as fayoraDy rs
the hog packers Instead OF paying $40 and 500 day
for switching CHARGES hey will get done at Lyons Tor
about 3j which make the aggregate not over
81 30 dav. --- -.
The Uson stock Yards began with sl.Ooo'ooo
capital and made suen Vs,t ,oct sum utn
$40 900 900 and vet. Notwithstanding that It sold a
year ago high as 200 and ll0 is asked today But
after the proposed renewal 10 Lyons the Union stock
Yards would be worth much as its 500 acres OF aa
would bring per perhaps *3.OoOO0o mat wouIo
make the stock worth about 80 instead OF ITO,